Having just got the thing running, I now see what happens or at least can happen. I am deliberately cutting with the metal tilted so I can see what goes on, if it started at a high point and couldn't go lower then yes - fail.
I now have -3 min and 5 max, but i think more would be ok although a warpage of 5 to -3 is a pretty bent plate
Trying to get it dialled in now, getting top dross at present but at least its running and not crashing the torch or winding it way up high (any more
)
I think I can see what it needs now.
What sort of values of hysteresis do others use, I'm not sure of the relationship between a volt or two and distance in the arc.
Currently set for +/- 4v